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    Atlantic City Mixed-Use Investment

    2722 Atlantic Avenue Atlantic City, NJ 08405

    2722 Atlantic Avenue, Atlantic City, NJ, 08405
    $3,800,000
    For Sale
    Claim this Listing
    $3,800,000

    MULTI_FAMILY - Atlantic City, NJ

    Property Size37,673 SF
    Lot Size0.25 Acres
    Price / SF$100.87
    AddedMay 3
    Days on Market75
    Last RefreshJul 16 at 7:06 am

    Property Features for 2722 Atlantic Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Basement
    Partially Finished
    Standard status
    Active
    APN
    02-00174-0000-00001
    Size
    37,673 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    57572

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1930
    Floors in Building
    5
    Number of units
    38

    Listing agent Michael Brooke

    Listing office Imperial Real Estate Agency 212 Second Street Suite 405, Lakewood, NJ

    Listing date May 3, 2026

    MLS# 22612953 Listing URL

    Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This 37,673 square foot mixed-use building is located at the corner of Atlantic and South Iowa Avenues in Atlantic City, New Jersey. The property features 32 residential units and 6 ground-floor retail storefronts. Situated adjacent to the Tropicana Atlantic City, the building benefits from high foot traffic. The property, with a lot size of 0.25 acres, presents a prime investment opportunity. There are three vacant residential units. The property generates an 8.60% cap rate on as-is net operating income, with potential to reach a 9.55% pro forma cap rate. Value-add opportunities include lease-up of vacant units, rent-control leniency on tenant turnover, and a gas-to-electric heat conversion.

    Key Highlights

    • Strong 8.60% cap rate on as‑is NOI with a path to 9.55% pro forma.
    • 38‑unit mixed‑use building with 32 residential units and 6 ground‑floor retail storefronts.
    • Prime location adjacent to the Tropicana Atlantic City, capturing high foot traffic.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    New York Styles ... Barber Shop

    Suggested Use

    (Bike/Boat/Book/etc) Store Locksmith Storage Facility Catering Service Butcher Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Parts Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Mixed-use property - 38-unit mixed-use building near Tropicana, Atlantic City.
    Where is this mixed-use property located?
    The property is located at 2722 Atlantic Avenue Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Strong 8.60% cap rate on as‑is NOI with a path to 9.55% pro forma.; 38‑unit mixed‑use building with 32 residential units and 6 ground‑floor retail storefronts.; Prime location adjacent to the Tropicana Atlantic City, capturing high foot traffic.
    Contact an agent
    (732) 905-5511
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    Contact an agent
    Michael Brooke
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